Liquidity article - Zebra Capital Management
... for which the investors should be compensated, resulting in lower valuation for a lowvolume stock. However, in another study, Lee and Swaminathan (1998) show that the liquidity hypothesis is not totally consistent with their evidence. They study the joint interaction between past stock price momentu ...
... for which the investors should be compensated, resulting in lower valuation for a lowvolume stock. However, in another study, Lee and Swaminathan (1998) show that the liquidity hypothesis is not totally consistent with their evidence. They study the joint interaction between past stock price momentu ...
STRATEGIC MANAGEMENT
... less permanent than a joint venture, in which two companies typically pool resources to create a separate business entity. In a strategic alliance, each company maintains its autonomy while gaining a new opportunity. A strategic alliance could help a company develop a more effective process, expand ...
... less permanent than a joint venture, in which two companies typically pool resources to create a separate business entity. In a strategic alliance, each company maintains its autonomy while gaining a new opportunity. A strategic alliance could help a company develop a more effective process, expand ...
Aareal Bank Group – Interim Report Q1/2015
... Aareal Bank Group is ideally placed to deal with a rapidly-changing market and competitive environment. This was not least evidenced by the acquisition of Westdeutsche Immobilienbank (WestImmo), Aareal Bank’s second major acquisition within just over twelve months – a purchase which we are financin ...
... Aareal Bank Group is ideally placed to deal with a rapidly-changing market and competitive environment. This was not least evidenced by the acquisition of Westdeutsche Immobilienbank (WestImmo), Aareal Bank’s second major acquisition within just over twelve months – a purchase which we are financin ...
NBER WORKING PAPER SERIES TRANSPARENCY AND INTERNATIONAL INVESTOR BEHAVIOR R. Gaston Gelos
... crises in emerging markets. For example, the IMF (2001) notes that a “lack of transparency was a feature of the buildup to the Mexican crisis of 1994–95 and of the emerging market crises of 1997–98,” stating that “inadequate economic data, hidden weaknesses in financial systems, and a lack of clarit ...
... crises in emerging markets. For example, the IMF (2001) notes that a “lack of transparency was a feature of the buildup to the Mexican crisis of 1994–95 and of the emerging market crises of 1997–98,” stating that “inadequate economic data, hidden weaknesses in financial systems, and a lack of clarit ...
The P/E Ratio and Stock Market Performance
... This article examines the historical relationship between price-earnings ratios and subsequent stock market performance and discusses why history might not repeat itself this time. The article finds strong historical evidence that high priceearnings ratios have been followed by disappointing stock m ...
... This article examines the historical relationship between price-earnings ratios and subsequent stock market performance and discusses why history might not repeat itself this time. The article finds strong historical evidence that high priceearnings ratios have been followed by disappointing stock m ...
Incorporation of financial ratios into prudential definition of assets
... Asset classification systems require banks to segregate financial assets into risk buckets according to credit risk characteristics. The prudent segregation of assets by credit quality is vital for estimating related expected and unexpected credit losses and assessing if a bank’s capital level adequ ...
... Asset classification systems require banks to segregate financial assets into risk buckets according to credit risk characteristics. The prudent segregation of assets by credit quality is vital for estimating related expected and unexpected credit losses and assessing if a bank’s capital level adequ ...
Advancements in Agricultural Leasing in Russia
... Establishment of an adequate legal/ regulatory and tax policy environment is prerequisite Socially responsible investors and financial institutions demonstrate the viability of leasing as a financing option by investing in leasing companies that develop the industry (use of partial guarantees may be ...
... Establishment of an adequate legal/ regulatory and tax policy environment is prerequisite Socially responsible investors and financial institutions demonstrate the viability of leasing as a financing option by investing in leasing companies that develop the industry (use of partial guarantees may be ...
CAPITAL CITY BANK GROUP INC (Form: 10-Q
... opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The consolidated statement of financial condition at December 31, 2015 has been derived from the audited consolidated financial statements at that date bu ...
... opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The consolidated statement of financial condition at December 31, 2015 has been derived from the audited consolidated financial statements at that date bu ...
Finding Smart Beta in the Factor Zoo_pdf
... The P-value of Sharpe ratio differences represents the probability that the Sharpe ratios of the long and short portfolios are from the same distribution. A P-value below 5% is required to conclude that two Sharpe ratios are significantly different from each other (with 95% confidence). After Fama a ...
... The P-value of Sharpe ratio differences represents the probability that the Sharpe ratios of the long and short portfolios are from the same distribution. A P-value below 5% is required to conclude that two Sharpe ratios are significantly different from each other (with 95% confidence). After Fama a ...
AMP Capital - Productivity Commission
... increased returns2. In its draft report on price rises3, the Productivity Commission addresses the issue as to whether the levels of investment are reasonable by reviewing a number of benchmarking studies2 which compare the capital efficiency of Australian and United Kingdom distribution utilities. ...
... increased returns2. In its draft report on price rises3, the Productivity Commission addresses the issue as to whether the levels of investment are reasonable by reviewing a number of benchmarking studies2 which compare the capital efficiency of Australian and United Kingdom distribution utilities. ...
PDF
... only then will this year’s investments (i = 0) enter this year’s capital stock (at the end of the year) with a weight of 1. On the other hand, if we want the stock that is determining this year’s production there are essentially 2 possibilities, beginning year stocks and mid year stocks. For beginni ...
... only then will this year’s investments (i = 0) enter this year’s capital stock (at the end of the year) with a weight of 1. On the other hand, if we want the stock that is determining this year’s production there are essentially 2 possibilities, beginning year stocks and mid year stocks. For beginni ...
Historical Performance of Commodity and Stock Markets
... upcoming decade, and this assessment was based on a descriptive analysis of the relationships between stock and commodity prices. Rogers suggested that commodity markets were the place to be for investors, given the insatiable demand for raw commodities from emerging markets, among other factors, wh ...
... upcoming decade, and this assessment was based on a descriptive analysis of the relationships between stock and commodity prices. Rogers suggested that commodity markets were the place to be for investors, given the insatiable demand for raw commodities from emerging markets, among other factors, wh ...
The Performance of IPO Investment Strategies and Pseudo Market
... extent to which the pseudo market timing theory proposed by Schultz (2003) is able to explain the performance of those IPO investment strategies. An obvious way to invest in IPOs is to purchase shares of each firm that goes public and to sell those shares after a certain holding period. The length o ...
... extent to which the pseudo market timing theory proposed by Schultz (2003) is able to explain the performance of those IPO investment strategies. An obvious way to invest in IPOs is to purchase shares of each firm that goes public and to sell those shares after a certain holding period. The length o ...
The performance of hedge funds and mutual funds in
... emerging market hedge funds. We define “emerging markets” as those countries or areas of the globe that are in the process of rapid growth and industrialization, such as China, India, and Latin America, as well as many eastern European and southeastern Asian countries. These markets exhibit signific ...
... emerging market hedge funds. We define “emerging markets” as those countries or areas of the globe that are in the process of rapid growth and industrialization, such as China, India, and Latin America, as well as many eastern European and southeastern Asian countries. These markets exhibit signific ...
People negotiate every day
... others and to achieve personal objectives. In fact, negotiation is not only common, but also essential to living an effective and satisfying life. We all need things—resources, information, cooperation, and support from others. Others have those needs as well, sometimes compatible with ours, sometim ...
... others and to achieve personal objectives. In fact, negotiation is not only common, but also essential to living an effective and satisfying life. We all need things—resources, information, cooperation, and support from others. Others have those needs as well, sometimes compatible with ours, sometim ...
greenspace brands inc.
... second quarter of fiscal 2016 was also impacted by the increased retailer program fees and incentives incurred by the Company to get new brand and product launches onto retailer shelves. The Company expects this unusually high incentive pricing to normalize as the products gain a following in the in ...
... second quarter of fiscal 2016 was also impacted by the increased retailer program fees and incentives incurred by the Company to get new brand and product launches onto retailer shelves. The Company expects this unusually high incentive pricing to normalize as the products gain a following in the in ...
Capital and Risk Management Pillar 3 Disclosures for the
... CET1 capital is comprised of common share capital, the share premium account, retained earnings and other reserves. It may also include interim retained profits that have been verified by external auditors, but losses must be taken into account, whether audited or not. Retained earnings and other re ...
... CET1 capital is comprised of common share capital, the share premium account, retained earnings and other reserves. It may also include interim retained profits that have been verified by external auditors, but losses must be taken into account, whether audited or not. Retained earnings and other re ...
Thesis - Kyiv School of Economics
... activity variables (industrial production indices). The model was estimated for both capital inflow (liability equation) and for capital outflow (asset equation) equations for four developed countries. Industrial production indices were found to be not significant in any of the asset flow equation; ...
... activity variables (industrial production indices). The model was estimated for both capital inflow (liability equation) and for capital outflow (asset equation) equations for four developed countries. Industrial production indices were found to be not significant in any of the asset flow equation; ...
value driven leading: a management approach
... consequences. The legitimacy of the whole enterprise can be undermined by failure of leading at this level. Allies, partners and collaborators who rely upon us keeping our promises and delivering service and support can suffer grievous loss. Long term and valuable relations of trust and support can ...
... consequences. The legitimacy of the whole enterprise can be undermined by failure of leading at this level. Allies, partners and collaborators who rely upon us keeping our promises and delivering service and support can suffer grievous loss. Long term and valuable relations of trust and support can ...
Managerial Estimates - centerforpbbefr.rutgers.edu
... goodwill write-offs, fair value accounting, stock option expense, etc. ...
... goodwill write-offs, fair value accounting, stock option expense, etc. ...
Analysis and comparison of methods of risk
... can be considered as a major disadvantage of using current return. In the case that data on stock return are available for a longer period of time, we can consider the average return as an objective variable for determining risk-free rate. However, this way of calculation also has disadvantages. Des ...
... can be considered as a major disadvantage of using current return. In the case that data on stock return are available for a longer period of time, we can consider the average return as an objective variable for determining risk-free rate. However, this way of calculation also has disadvantages. Des ...
grade 12 business studies learner notes
... • Public entities that get more than 80% of their money from Parliament • Employers: whose total pay to all its workers is less than R500 000 per 12 month period who do not have to register according to the Income Tax Act. Sectorial Education and Training Authority - SETA ...
... • Public entities that get more than 80% of their money from Parliament • Employers: whose total pay to all its workers is less than R500 000 per 12 month period who do not have to register according to the Income Tax Act. Sectorial Education and Training Authority - SETA ...
Negotiated Shareholder Value: the German Variant of an Anglo
... interest in the firm, particularly employees. Reflecting the diverse interests of these different groups, increasing the value of the firm may be only one of a number of key goals pursued by firms in these types of systems. Germany and Japan are exemplars of stakeholder systems. A major point of con ...
... interest in the firm, particularly employees. Reflecting the diverse interests of these different groups, increasing the value of the firm may be only one of a number of key goals pursued by firms in these types of systems. Germany and Japan are exemplars of stakeholder systems. A major point of con ...
IOSR Journal of Business and Management (IOSR-JBM)
... The Ghana Stock Exchange (GSE), incorporated in July 1989 with trading commencing in 1990, is the primary stock exchange of Ghana. Currently, the GSE has 36 listed companies, 3 government bonds, and 1 corporate bond. The report by the U.S Department of State stated that the GSE composite index (GGSE ...
... The Ghana Stock Exchange (GSE), incorporated in July 1989 with trading commencing in 1990, is the primary stock exchange of Ghana. Currently, the GSE has 36 listed companies, 3 government bonds, and 1 corporate bond. The report by the U.S Department of State stated that the GSE composite index (GGSE ...